21 April 2014
PLEASE TELL ME HOW TO SHOW IN THE SERVICE TAX RETURN IN CASE EXCESS OF SERVICE TAX IS DEPOSITTED IN THE MONTH OF MARCH,2014 SO THAT THE EXCESS AMOUNT CAN BE CARRIED FORWARD TO THE NEXT PERIOD
21 April 2014
Yes it can be carry forwarded or u can also claim it as refund. But better to carry forward it, coz there is much headache in claiming refund.
Although there is much headache in claiming refund but carry forward and claiming refund is depends on the condition responsible for generate such excess amount of Service Tax. Refund can be claim on account of reasons like , interpretation of law,taxability, valuation or applicability of any exemption notification, Adjustment of excess credit is not allowed in such cases.
24 April 2014
No Sandeep ji U must have to intimate the Department about the amount, that what u wana do with the excess money. In both the case either refund or c/f u must intimate the department.
CAclubindia
